[Congressional Record Volume 142, Number 24 (Tuesday, February 27, 1996)]
[Senate]
[Page S1370]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       BUDGET SCOREKEEPING REPORT

 Mr. DOMENICI. Mr. President, I hereby submit to the Senate the 
budget scorekeeping report prepared by the Congressional Budget Office 
under section 308(b) and in aid of section 311 of the Congressional 
Budget Act of 1974, as amended. This report meets the requirements for 
Senate scorekeeping of section 5 of Senate Concurrent Resolution 32, 
the first concurrent resolution on the budget for 1986.
  This report shows the effects of congressional action on the budget 
through February 13, 1996. The estimates of budget authority, outlays, 
and revenues, which are consistent with the technical and economic 
assumptions of the 1996 concurrent resolution on the budget (H. Con. 
Res. 67), show that current level spending is above the budget 
resolution by $15.7 billion in budget authority and by $16.9 billion in 
outlays. Current level is $43 million below the revenue floor in 1996 
and $5.6 billion above the revenue floor over the 5 years 1996-2000. 
The current estimate of the deficit for purposes of calculating the 
maximum deficit amount is $262.6 billion, $17 billion above the maximum 
deficit amount for 1996 of $245.6 billion.
  Since my last report, dated January 23, 1996, Congress cleared and 
the President signed the Gloucester, Massachusetts Marine Fisheries 
Laboratory Act (the targeted CR, P.L. 104-91), two continuing 
resolutions (P.L. 104-92 and P.L. 104-99), the Saddleback Mountain-
Arizona Settlement Act of 1995 (P.L. 104-102), the Telecommunications 
Act of 1996 (P.L. 104-104), the Farm Credit System Regulatory Relief 
Act (P.L. 104-105), the National Defense Authorization Act for 1996 
(P.L. 104-106), the Foreign Operations Appropriations Act (P.L. 104-
107), an act to extend certain expiring authorities of the Department 
of Veterans Affairs (P.L. 104-110), and an act to award a Congressional 
Gold Medal to Ruth and Billy Graham (P.L. 104-111). These actions 
changed the current level of budget authority, outlays, and revenues.
  The report follows:
                                                    U.S. Congress,


                                  Congressional Budget Office,

                                Washington, DC, February 14, 1996.
     Hon. Pete V. Domenici,
     Chairman, Committee on the Budget,
     U.S. Senate, Washington, DC.
       Dear Mr. Chairman: The attached report for fiscal year 1996 
     shows the effects of Congressional action on the 1996 budget 
     and is current through February 13, 1996. The estimates of 
     budget authority, outlays and revenues are consistent with 
     the technical and economic assumptions of the 1996 Concurrent 
     Resolution on the Budget (H. Con. Res. 67). This report is 
     submitted under Section 308(b) and in aid of Section 311 of 
     the Congressional Budget Act, as amended.
       Since my last report dated January 22, 1996, Congress 
     cleared, and the President signed, the Gloucester, 
     Massachusetts Marine Fisheries Laboratory Act (P.L. 104-91), 
     two continuing resolutions (P.L. 104-92 and P.L. 104-99), the 
     Saddleback Mountain--Arizona Settlement Act of 1995 (P.L. 
     104-102), the Telecommunications Act of 1996 (P.L. 104-104), 
     the Farm Credit System Regulatory Relief Act (P.L. 104-105), 
     the National Defense Authorization Act for 1996 (P.L. 104-
     106), the Foreign Operations Appropriations Act (P.L. 104-
     107), an act to extend certain expiring authorities of the 
     Department of Veterans Affairs (P.L. 104-110), and an act to 
     award a Congressional Gold Medal to Ruth and Billy Graham 
     (P.L. 104-111). These actions changed the current level of 
     budget authority, outlays and revenues.
           Sincerely,
                                                  June E. O'Neill,
                                                         Director.

  THE CURRENT LEVEL REPORT FOR THE U.S. SENATE FISCAL YEAR 1996, 104TH  
      CONGRESS, 2ND SESSION, AS OF CLOSE OF BUSINESS FEB. 13, 1996      
                        [In billions of dollars]                        
------------------------------------------------------------------------
                                       Budget                  Current  
                                     resolution    Current   level over/
                                      (H. Con.    level \1\     under   
                                      Res. 67)                resolution
------------------------------------------------------------------------
                                                                        
             On-budget                                                  
                                                                        
Budget authority...................     1,285.5     1,301.2         15.7
Outlays............................     1,288.1     1,305.0         16.9
Revenues:                                                               
    1996...........................     1,042.5     1,042.5      \2\-0. 
    1996-2000......................     5,691.5     5,697.1          5.6
Deficit............................       245.6       262.6         17.0
Debt subject to limit..............     5,210.7     4,900.0       -310.7
                                                                        
             Off-budget                                                 
                                                                        
Social Security outlays:                                                
    1996...........................       299.4       299.4          0.0
    1996-2000......................     1,626.5     1,626.5          0.0
Social Security revenues:                                               
    1996...........................       374.7       374.7          0.0
    1996-2000......................     2,061.0     2,061.0          0.0
------------------------------------------------------------------------
\1\ Current level represents the estimated revenues and direct spending 
  effects of all legislation that Congress has enacted or sent to the   
  President for his approval. In addition, full-year funding estimates  
  under current law are included for entitlement and mandatory programs 
  requiring annual appropriations even if the appropriations have not   
  been made. The current level of debt subject to limit reflects the    
  latest U.S. Treasury information on public debt transactions.         
\2\ Less than $50 million.                                              


 THE ON-BUDGET CURRENT LEVEL REPORT FOR THE U.S. SENATE, 104TH CONGRESS,
 2ND SESSION, SENATE SUPPORTING DETAIL FOR FISCAL YEAR 1996 AS OF CLOSE 
                        OF BUSINESS FEB. 13, 1996                       
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                      Budget                            
                                    authority     Outlays      Revenues 
------------------------------------------------------------------------
                                                                        
   Enacted in Previous Sessions                                         
                                                                        
Revenues.........................  ...........  ...........    1,042,557
Permanents and other spending                                           
 legislation.....................      830,272      798,924  ...........
Appropriation legislation........  ...........      242,052  ...........
    Offsetting receipts..........     -200,017     -200,017  ...........
                                  --------------------------------------
      Total previously enacted...      630,254      840,958    1,042,557
                                  ======================================
     Enacted in First Session                                           
                                                                        
Appropriation bills:                                                    
    1995 Rescissions and                                                
     Department of Defense                                              
     Emergency Supplements Act                                          
     (P.L. 104-6)................         -100        --885  ...........
    1995 Rescissions and                                                
     Emergency Supplements for                                          
     Disaster Assistance Act                                            
     (P.L. 104-19)...............           22       -3,149  ...........
    Agriculture (P.L. 104-37)....       62,602       45,620  ...........
    Defense (P.L. 104-61)........      243,301      163,223  ...........
    Energy and Water (P.L. 104-                                         
     46).........................       19,336       11,502  ...........
    Legislative Branch (P.L. 105-                                       
     53).........................        2,125        1,977  ...........
    Military Construction (P.L.                                         
     104-32).....................       11,177        3,110  ...........
    Transportation (P.L. 104-50).       12,682       11,899  ...........
    Treasury, Postal Service                                            
     (P.L. 104-52)...............       23,026       20,530  ...........
      Offsetting receipts........       -7,946       -7,946  ...........
Authorization bills:                                                    
    Self-Employment Health                                              
     Insurance Act (P.L. 104-7)..          -18          -18         -101
    Alaska Native Claims                                                
     Settlement Act (P.L. 104-42)            1            1  ...........
    Fisherman's Protective Act                                          
     Amendments of 1995 (P.L. 104-                                      
     43).........................  ...........        (\6\)  ...........
    Perishable Agricultural                                             
     Commodities Act Amendments                                         
     of 1995 (P.L. 104-48).......            1        (\6\)            1
    Alaska Power Administration                                         
     Sale Act (P.L. 104-58)......          -20          -20  ...........
    ICC Termination Act (P.L. 104-                                      
     88).........................  ...........  ...........        (\6\)
                                  --------------------------------------
      Total enacted first session      366,191      245,845         -100
                                  ======================================
    Enacted in Second Session                                           
                                                                        
Appropriation bills:                                                    
    Seventh Continuing Resolution                                       
     (P.L. 104-92) \1\...........       13,165       11,037  ...........
    Ninth Continuing Resolution                                         
     (P.L. 104-92) \1\...........          792         -825  ...........
    Foreign Operations (P.L. 104-                                       
     107)........................       12,104        5,936  ...........
      Offsetting receipts........          -44          -44  ...........
Authorization bills:                                                    
    Gloucester Marine Fisheries                                         
     Act (P.L. 104-91) \2\.......       30,502       19,151  ...........
    Smithsonian Institution                                             
     Commemorative Coin Act (P.L.                                       
     104-96).....................            3            3  ...........
    Saddleback Mountain-Arizona                                         
     Settlement Act of 1995 (P.L.                                       
     104-102)....................  ...........           -7  ...........
    Telecommunications Act of                                           
     1996 (P.L. 104-104) \3\.....  ...........  ...........  ...........
    Farm Credit System Regulatory                                       
     Relief Act (P.L. 104-105)...           -1           -1  ...........
    National Defense                                                    
     Authorization Act of 1996                                          
     (P.L. 104-106)..............          369          367  ...........
    Extension of Certain Expiring                                       
     Authorities of the                                                 
     Department of Veterans                                             
     Affairs (P.L. 104-110)......           -5           -5  ...........
    To award Congressional Gold                                         
     Medal to Ruth and Billy                                            
     Graham (P.L. 104-111).......        (\6\)        (\6\)  ...........
                                  --------------------------------------
      Total enacted second                                              
       session...................       56,884       35,613  ...........
                                  ======================================
 Continuing Resolution Authority                                        
                                                                        
Ninth Continuing Resolution (P.L.                                       
 104-99) \4\.....................      116,863       54,882  ...........
                                                                        
   Entitlements and Mandatories                                         
                                                                        
Budget resolution baseline                                              
 estimates of appropriated                                              
 entitlements and other mandatory                                       
 programs not yet enacted........      131,056      127,749  ...........
                                  --------------------------------------
Total Current Level \5\..........    1,301,247    1,305,048    1,042,457
Total Budget Resolution..........    1,285,500    1,288,100    1,042,500
Amount remaining:                                                       
    Under Budget Resolution......  ...........  ...........           43
    Over Budget Resolution.......       15,747       16,948  ...........
------------------------------------------------------------------------
\1\ P.L. 104- and P.L. 104-99 provides funding for specific appropriated
  accounts until September 30, 1996.                                    
\2\ This bill, also referred to as the sixth continuing resolution for  
  1996, provides until September 30, 1996 for specific appropriated     
  accounts.                                                             
\3\ The effects of this Act on budget authority, outlays and revenues   
  begin in fiscal year 1997.                                            
\4\ This is an annualized estimate of discretionary funding that expires
  March 15, 1996, for the following appropriation bills: Commerce-      
  Justice, Interior, Labor-HHS-Education and Veterans-HUD.              
\5\ In accordance with the Budget Enforcement Act, the total does not   
  include $3,417 million in budget authority and $1,599 million in      
  outlays for funding of emergencies that have been designated as such  
  by the President and the Congress.                                    
\6\ Less than $500,000                                                  
                                                                        
Notes.--Detail may not add due to rounding.                     




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